Tax Free Digital Nomad Visa that leads to Permanent Residency
Рет қаралды 36,800
Жыл бұрынUruguay just introduced their Digital Nomad Visa and we are super excited! As a digital nomad you will be able to live in Uruguay tax free!
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
A big thing about this digital nomad visa is that it leads to permanent residency - this is very uncommon with digital nomad visas, as they typically only allow you to live in the country for one or two years.
Another big advantage of this visa is that there are no income requirements.
Many people believe that Uruguay is the Switzerland of Latin America, in part because of its banking secrecy regulations. But this phrase also speaks to a deep respect for the rule of law.
Over the years we had many people reach out to us because they were interested in Uruguay, and this is not a coincidence. Uruguay has among the best tax policies in Latin America, making it one of the best countries in the world for taxes.
When it comes to their new digital nomad visa you will get it for 6 months, and will need to renew. After 2 years in the country you will be able to qualify for their permanent residency.
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Introducing Michael Rosmer, the true modern-day Renaissance man and international entrepreneur, who has been mentored under top international tax attorneys.
He is widely regarded as the foremost international tax expert for legal cross-border tax planning, with extensive experience in immigration, residency, and second citizenship for those seeking a plan B, asset protection, global offshore banking, and payment processing.
Michael leads a team of lawyers and accountants who are top experts in their respective fields. This multi-lingual, multi-national team has worked with digital nomads, entrepreneurs, and investors from 62 countries, providing practical real-world multi-dimensional solutions for their clients.
At Offshore Citizen we understand that each individual's situation is unique. Unlike most industry service providers, we do not push any particular country or solution. Instead, we analyze your individual situation and custom-tailor the best countries and strategies for you, drawing on every part of the globe.
With Offshore Citizen, you can rest assured that you are in the hands of professionals who have your best interests at heart. Let us guide you through the complex world of international tax planning, immigration, residency, and second citizenship.
Contact Michael today for a personalized consultation and take the first step towards securing your financial future.
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Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships.
☎️ Book a call with Michael:
calendly.com/michael-rosmer?m...
🌎 Visit our website:
offshorecitizen.net
@alegarciadelrio Жыл бұрын
Hi, I am from Uruguay, everybody is welcome here. The country is in the way to be a development country. At the moment you will have rights healthcare, education, a bit safety, and a peaceful country. Our army is only for peace missions. You will enjoy a lot of freedom, even in COVID we haven't got lockdowns. You can afford a house as well. I been in another countries, "developed" countries, that this is not possible.
@TonyFontaine1988 Жыл бұрын
Don't accept non European descent people. You are asking for trouble in the future.
@davidflash603 Жыл бұрын
Looking for place to stay cheap and good. Walking distance to beach
@alegarciadelrio Жыл бұрын
@@enganche there are some robberies in some neighborhoods in Montevideo. Avoiding these places, you would be fine. Daily life is quiet, and a peaceful life.
@admin6228 Жыл бұрын
Thanks for the info. What kind of prices for homes? Apartments? Where online can I find listings for homes for sale?
@MetalGearMk3 11 ай бұрын
On my list of places to visit.
@Diego-pc4rc Жыл бұрын
Uruguay started being known as the Switzerland of Latin America a long time ago. It had to do with bank secrecy, numbered accounts, and that the suprem court has ruled that banks are not allowed to give personal information to the government even if they committed crimes. As well as stable political system and economy.
@buhltbuhlt Жыл бұрын
I just spent some time in Uruguay, also met with some other Germans living there. I can highly recommend this country (but living costs are not cheap..): it is safe, very low corruption level, people are at the same time friendly & warm-hearted AND ALSO rather reliable and no mañana mentality. Even the private health-care is cheap (60 to 140 USD per month). Neither too hot nor too cold and with access to the ocean. Also there is a non-stressful atmosphere but things are moving forward in the economy - e.g. number 1 software exporter per capita in Latin America.
@pinetworkminer8377 10 ай бұрын
What is mañana mentality?
@dialecticalmonist3405 7 ай бұрын
@@pinetworkminer8377 "We can do it tomorrow."
@themothers 5 ай бұрын
@@pinetworkminer8377mañana mentality is to do everything tomorrow instead of today. It’s a typical Latin thing as well (there’s always tomorrow, meaning making delays)
@sagmilling 11 ай бұрын
Spent past November there as a tourist, and loved it. Now planning to apply for this digial nomad visa. I am done with Canada and looking forward to (hopefully) permanently moving to Uruguay. Shovelling sand instead of snow!
@federicobalboa9145 10 ай бұрын
you'll be welcome!
@mikesossamon318 Жыл бұрын
Going through the process right now. Started down the path of digital nomad visa but decided on the PR path. They have changed the rules to requiring people to apply from within the country because of the high no show rate. Also for people who may have trouble with multiple background checks or the 90 day window of background check validity you can do an Interpol background check from within Uruguay. The biggest advantage of the digital nomad visa is the tax free living but the PR route taxes and SS will be about 7.7%. Since UYU has a totalization agreement with the US this works out a little cheaper for US citizens. The downside of the PR route is the time in country requirements vs the digital nomad visa. Also private healthcare is available for anyone who may not want their public healthcare which is decent in my opinion. The British Hospital has plans that are around $75-$140/mn which is what most expats choose. Uruguay is definitely more expensive than other SA countries and people complain it's boring. I'm ok with both because of the significantly higher quality of life.
@OffshoreCitizen Жыл бұрын
Thanks for sharing! What do you think adds to the higher quality of life in Uruguay? Another commenter added, there are currently some issues with the supply of drinking water
@mikesossamon318 Жыл бұрын
@@OffshoreCitizen I think the lower cost of living overall is only part of it. Earning in USD and buying in Pesos allows you to have a middle class income and an upper class lifestyle. Being able to avoid US politics (unless talking to people from the US). Higher quality food though about the same price as Dallas. MVD is walkable if you’re in the right areas, public transportation isn’t bad or expensive. The people have been extremely friendly, in fact I’ve only spoken to one person who was unpleasant enough to complain about. I’m in Dallas for paperwork, I’m aware of the salt issue and it appears to be centered around MVD from what I’m hearing from locals.
@MetalGearMk3 11 ай бұрын
Thanks for sharing info about the PR route.
@michelcecere7286 11 ай бұрын
Thanks for Infos ! As far as I understood the system is : -You go to Uruguay with this visa/other visa(tourist) -You get the nomad digital visa for 180 days ( renewable ? at this moment you get a cedula right ? ) -Then, you go for apply to a permanent residencie ( do you need a physical adress, bank account etc or just an airbnb is engouh ? ) Thanks a lot !
@federicobalboa9145 10 ай бұрын
The British Hospital is almost for royalty here in Uruguay, it is very good but you pay the price. There are some private insurances near British Hospital level such as Summum or MP. Mike, best of luck in all your endeavors!
@alexg6702 Жыл бұрын
Agree, Uruguay has a lot going for it. Relative to other LatAm countries it can be seen as a Switzerland. It actually does have a number of international banks including Swiss and Andorran private banks. Uruguay may be inexpensive but banks know how to charges fees! - especially for non-resident accounts. Mortgage lending is limited and conservative (it’s mostly a cash market for non-residents) so one could expect they are safe. Frankly I have never heard Chilean banks mentioned, let alone how good they are. Wealthy Latina Americans, especially from Brazil and Argentina are known for flocking to Punta del Este, possibly Chileans as well. Maybe you should do an offshore piece on Chile, there is not a lot out there singing Chile as an offshore centre.
@videosdeslime Жыл бұрын
Potential video idea: What are you thoughts on the Fair Tax Act? Would be nice to hear your view on a different way of taxing your population.
@billhennessey6374 Жыл бұрын
Superb, Michael, thanks for the info! Is there a link for more information? Thanks again.
@firozshah5928 Жыл бұрын
Today your Pronunciation is Perfect ... Slow and Clear " Thanks
@OffshoreCitizen Жыл бұрын
Haha good to hear, thanks! What do you think of this new opportunity?
@firozshah5928 Жыл бұрын
@@OffshoreCitizen Your VISA, RESIDENCY & CITIZENSHIP information is always on FAST TRACK, I am planning for MONTENEGRO 100% This is the Match with me in Every single term of My life " Thanks for you effort for us you provide always "
@jonathangat4765 Жыл бұрын
HI Michael. I've been living in UY for most of the last 4 years and I have PR there. A few thoughts about Uruguay for people: It isn't cheap, with grocery prices at first-word levels. There are some co-working/co-living possibilities these days where you'll meet Uruguayans as well as other foreigners. The summer beach season is a lot of fun, although perhaps not conducive to getting a lot of work done. There's a burgeoning tech scene, and people are really nice. Sadly, right now there's a shortage of drinking water due to a drought and some other mismanagement so it may not be the best time to jump in,.
@jdnw85 Жыл бұрын
No hay agua? Pensé que con el Río de la Plata no tendrían problemas
@OffshoreCitizen Жыл бұрын
Thanks for sharing your experience! How do you deal with water shortage?
@MichaelSweigJD Жыл бұрын
You should learn to pronounce Uruguay properly. Your misprounciation dilutes your credibility. Phonetically, it's Ur -u- gwhy. Like why don't you pronounce it correctly?
@michaelking4578 Жыл бұрын
That's unfortunate.
@ThePCHandyman9 Жыл бұрын
There is no potable drinking water supply now. The only source is bottled water from the supermarkets and the situation is getting worse with each passing day.
@anakein Жыл бұрын
Michael, could you do a video on the new immigration regulations (2022) of Chile, and what their implications are for digital nomads/remote workers/independent contractors, say those operating through an LLC or similar entity, who wish to move there and settle down and ultimately become a citizen.
@moeh3963 Жыл бұрын
Michael, will you make an update video about the situation in Dubai. Past advice was free zone doing foreign business exempt from 9% CT and now does not seem to be the way.
@ThePCHandyman9 Жыл бұрын
At the immigration office, the payment can be done through cash or using Visa cards. And if you are in the country already, you are expected to have cash with you.
@vitaliiivanov9514 Жыл бұрын
AFAIK, cards can only be used if issued in Uruguay
@RomilCPatel Жыл бұрын
So how many years all in for citizenship and what is the physical presence per year for a path to citizenship?
@rapidresponserepairllc.man9552 Жыл бұрын
Do you help with getting this set up?
@TonyFontaine1988 Жыл бұрын
Mike stop doing those faces on the thumbnails 😂🤣😂. The soy face
@DiegoCore Жыл бұрын
I’m here now and I believe the right tax strategic it will be worth
@OffshoreCitizen Жыл бұрын
Nice! What do you like about Uruguay?
@maheenhaider8164 Жыл бұрын
Are you in Uruguay?
@DiegoCore Жыл бұрын
@@OffshoreCitizen nice vibe , grass fed beef and great opportunity on property market
@pinetworkminer8377 10 ай бұрын
How long does a permanent resident have to be present in Uruguay to maintain his/her permanent residency?
@attilab2251 Жыл бұрын
Thank you, Micheal, What is the required vaccination certificate that needs to be issued in Uruguay?
@marcionero7412 11 ай бұрын
non
@tories_need_not_apply Жыл бұрын
national v. citizen = national always wins. citizen of anywhere is a lower class status. also being a citizen of a corporate government is concerning due to not knowing ones protections or rights. there is a lot one needs to research before making these decisions. BUT I get it - why people are voting with their feet and looking for these options. I think you mean well - can share more about interesting status in America that gives people these gifts while waiving the benefits.
@archibaldgardner3162 29 күн бұрын
Thank you for this awesome video! What if my wife and I work remotely and have a good income, but we have a baby. How would I get a visa for the little dude?
@danielnelson5038 Жыл бұрын
Could you do a video on Uruguay banks? I've heard they're good but I'm curious of your thoughts
@OffshoreCitizen Жыл бұрын
Sounds like something we could cover. Thanks for the suggestion! What are your thoughts on this new program?
@danielnelson5038 Жыл бұрын
@@OffshoreCitizen Very tempting, I may actually do it. Curious if that's the best way to go about Uruguay or if you do your laptop work there than you'll pay %12 taxes similar to panama
@maheenhaider8164 Жыл бұрын
How to pay visa fees online? Website only accept banks within Uruguay
@TheSimArchitect Жыл бұрын
There's always a catch. Portugal was advertised as income tax free for your first ten years but it only applies to income already taxed elsewhere. It also doesn't cover if you run a digital business or work from home while living there. I would not be surprised if Uruguay doesn't do the same or millions of people would move there and other countries would compete or get into conflict with them.
@marcionero7412 11 ай бұрын
nope. the problem with portugal and all the others europeans countries is that they all are a USA protectorat and they must do as they say.
@the_meccaneer 5 ай бұрын
Is the visa infinitely renewable? Or do you just get one renewal?
@danielobrigado Жыл бұрын
You could have and should have become a CPA in Canada. A life well lived, at least.
@MrFooChops 9 ай бұрын
Will overstaying on a tourist visa in another country go against you/make you a criminal, when applying
@malthus101 Жыл бұрын
Very interesting indeed.... so it leads to permanent residency (but that is not citizenship with passport?) Also, as a permanent resident, are you part of the Mercosur agreement? Can you travel to other Mercosur countries with just national ID for example? thanks
@alegarciadelrio Жыл бұрын
if you are citizen you can travel with the ID, I don't know when you are PR. You can get the ID in one or two weeks; it is very fast.
@ThePCHandyman9 Жыл бұрын
You cannot travel to other Mercosur countries with just the UY national ID if your nationality is not from Mercosur.
@malthus101 Жыл бұрын
@@ThePCHandyman9 ok thanks 👍🏻
@prospereveryday2255 5 ай бұрын
@@ThePCHandyman9Hi i want to ask after getting citizenship and passport in uruguay i heard it will still be the person's nationality in the uruguay passport meaning it's not visa free travel to europe
@prospereveryday2255 5 ай бұрын
@@ThePCHandyman9Hi i want to ask after getting citizenship and passport in uruguay i heard it will still be the person's nationality in the uruguay passport meaning it's not visa free travel to europe
@michaelmoik8377 4 ай бұрын
Government website says vaccination proof has to be provided when applying for the visa? Is it true? Can somebody confirm this? Appreciate!
@michaelmaignan 7 ай бұрын
Can someone pay it for you at a local payment center if you are not in the country?
@chrisb236 Жыл бұрын
So with no minimum stay as a digital nomad can i claim tax residency there with no minimum stay requirements?
@carlwereld5131 5 ай бұрын
yes good question i also like to know that
@jordihako2867 Жыл бұрын
According to american entrepeneur nomad Doug Casey , ' Uruguay is overrated' , it lacks infraestructure, like a metro, train line, urban highways etc, plus it is disturbingly expensive, gasoline price is the same as in Switzerland (today 4 times more than next door Argentina ), probably most expensive latin american country to live in. As opposed to that, you have a stable financial system , the 90s all emerging ecos went into crisis, in 2002 Uruguay almost defaulted and was rescued by IMF-US , a plane with the cash arriving in Montevideo was tv broadcasted like a final, not the case of neighbour Argentina( the scale was a factor ). People are lovely and have better morals than in many Latam neighbours.
@MalaPalabra-zr6wg 10 ай бұрын
Uruguay was facing an economic crisis due to the bad decisions of our governants in 2002. But Uruguay learnt what it did badly and this country fixed many problems after that year. And nowadays Uruguay's gdp per capita is a bit lower than Portugal, which it is a western european country
@RavenReforged Жыл бұрын
Do they ACTUALLY give you citizenship with this one or the stamp on your passport that means you are not Uruguayan when you leave their borders?
@vitaliiivanov9514 Жыл бұрын
They give citizenship but not nationality (which is a different concept in Uruguay), so in your passport will appear your original nationality, so you won't get for instance visa-free entry to countries where it is not allowed by your original nationality
@oskarkrol2434 Жыл бұрын
how is uruguay tax free?
@J.Ige65 9 ай бұрын
I don't understand how this can lead to permanent residency if it requires residency for 2 years yet you can only renew the digital nomad visa for a total of 1 year (6 months + 6 months extended). Does anyone have any insight on this process?
@Ravii931 5 ай бұрын
Brother did you got information
@madelcamp Жыл бұрын
I'm a citizen of Chile. I could apply for Mercosur to get residency in Uruguay. I wonder if that way would be better for me or maybe digital nomad is better, for a tax perspective.
@vitaliiivanov9514 Жыл бұрын
I think there is no difference from tax perspective, you'd just save some paperwork by applying directly for permanent residence
@RomilCPatel Жыл бұрын
From a tax perspective it’s the same. It’s better from an immigration perspective to go through Mercusor as it will lead to immediate citizenship after 3 years
@vassanachat9793 Жыл бұрын
Hi ☺️👋 what is it
@MysticDonBlair Жыл бұрын
👍
@yanischool4359 10 ай бұрын
What countries could we visit with this residency permit ? Is it the same as the local passeport ? thanks
@OffshoreCitizen 10 ай бұрын
No it's not, residency permits usually only allow access to that country
@marketingteam3128 Жыл бұрын
There s wealth tax though. If I remember correctly..
@buhltbuhlt Жыл бұрын
No, not true
@rapidresponserepairllc.man9552 Жыл бұрын
Can you do you help with this?
@dialecticalmonist3405 7 ай бұрын
Says, "Super Tax Friendly" But it reads, "Super Tax Regulated"?
@eat_ze_bugs Жыл бұрын
What happened to your Colombia video?
@OffshoreCitizen Жыл бұрын
It will be reposted in a few days. We need to optimize a few things about it :)
@SenorJuan2023 Жыл бұрын
First comment!
@OffshoreCitizen Жыл бұрын
Nice! How did you like the video?
@SenorJuan2023 Жыл бұрын
@@OffshoreCitizen It's great. Would consider it, but I'm probably moving to Buenos Aires on a tourist visa in a couple of years. I'm always surprised that countries often make the process a major hassle. Some of it I agree with (police check on residency permits), but no one wants to jump through a bunch of hoops to only stay for a few months or a year with no chance to renew. I'm a simple guy, and the hassle factor is a major reason why I do or not do a lot of things.
@plsmastermindstrainingvide4402 Жыл бұрын
Doesn’t Uruguay also require vaccinations?
@marcionero7412 11 ай бұрын
no
@naveenkarthik3305 2 ай бұрын
I am indian and i am a remote worker. Do i have to pay tax in malaysia
@AmsheeHassan 2 ай бұрын
Not till 2026 I guess, but their tax system requires us to pay on remote salary
@malthus101 Жыл бұрын
Is it difficult to get a Uruguayan passport? And once a citizen, can it be renounced?
@RomilCPatel Жыл бұрын
3 years to citizenship but does require a lot of physical presence. Yes it can be renounced
@prospereveryday2255 5 ай бұрын
@@RomilCPatelhello i heard when a foreigner especially african gets uruguay passport it will be the person's nationality written and not uruguay meaning i can't travel visa free to europe is it true?
@prospereveryday2255 5 ай бұрын
@@RomilCPatelhello i heard when a foreigner especially african gets uruguay passport it will be the person's nationality written and not uruguay meaning i can't travel visa free to europe is it true?
@nomadinvester 4 ай бұрын
Japan gets its beef from Argentina 😅
@constas559 Жыл бұрын
Interesting. Would this Visa allow you to open bank accounts in the country?
@buhltbuhlt Жыл бұрын
You can even open a bank account in Uruguay without residency. I did it with the BROU - costs around 22 USD per month.
@leandrog2785 Жыл бұрын
3:28 "super tax regulated"?
@samtoo2010 Жыл бұрын
Your voice is so low can’t hear u
@hopingforaces Жыл бұрын
Looks like you can't include your children in the application. I guess they are mainly looking for single nomads.
@gabor6226 Жыл бұрын
can it lead to citizenship down the road?
@OffshoreCitizen Жыл бұрын
Yes, permanent residents can apply for citizenship after 3-5 years. How do you feel about Uruguay?
@gabor6226 Жыл бұрын
@@OffshoreCitizen thanks for the reply, since I live in Switzerland but would prefer Spanish , this could be the perfect country for me :) keep up the good content !
@ThePCHandyman9 Жыл бұрын
Beware that Uruguay citizenship does not come with the nationality. The only country in the world with this strange problem. You could become and citizen and get the passport but it would say your nationality is your home country, so really not useful.
@harisadu8998 Жыл бұрын
Uruguay is a great country in South America. A quiet island of stability in that neighbourhood. But it's evidently very dull.
@jdnw85 Жыл бұрын
I rather take dull than the rolller coaster of Argentinian and Brazilian politics
@Denver_____ Жыл бұрын
Yeah, finally someone says the truth. Be prepared to be bored.
@user-tn5si5qp6g Жыл бұрын
Would it be possible to get a bank account in Uruguay?
@buhltbuhlt Жыл бұрын
You can even get a bank account without having residency. I opened one last month with the BROU - costs around 22 USD per month.
@pinetworkminer8377 10 ай бұрын
@@buhltbuhlt You can open a bank account in Uruguay as a foreigner? With no physical address in Uruguay?
@Denver_____ Жыл бұрын
No thanks. Not worth it on many reasons not being told here
@OffshoreCitizen Жыл бұрын
What would some of your reasons be?
@z906090 Жыл бұрын
Uruguay? Hell no. I’ll pay taxes but will have no worry for my life and safety.
@OffshoreCitizen Жыл бұрын
What makes you think Uruguay is a dangerous place?
@TonyFontaine1988 Жыл бұрын
Uruguay isn't a dangerous place and is mostly white. If you are if white European descent it is one of the best places in the world
@ThePCHandyman9 Жыл бұрын
Uruguay is the safest country in entire South America. Get your facts right before saying something negative.
@boink800 Жыл бұрын
There are no mass shootings in Uruguay.
@z906090 Жыл бұрын
@@OffshoreCitizen some guys were chasing us there with motorcycles
@TonyFontaine1988 Жыл бұрын
Anybody trashing Uruguay is clueless. Very stable country with a mostly white population of western eurooean immigrants. If you are not european or not of european descent (not white) do not go there and ruin it like every other country you non europeans go to.
@collinsirugo7096 Жыл бұрын
That is harsh to say. Europeans are not saints also.
@MalaPalabra-zr6wg 10 ай бұрын
it's probable that many black americans live in Uruguay as digital nomad
@samtoo2010 Жыл бұрын
Your voice is so low can’t hear u
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